Hartnett joins HSBC financial crime committee

Dave Hartnett, the former head of HMRC is to work for HSBC, helping the bank combat financial crime.

Hartnett, the former chief executive of HSBC, and Bill Hughes, former head of the Serious Organised Crime Agency, are among a group that will head a new financial crime committee that will be set up to ensure tighter compliance with tightening global regulations.

The formation of the new committee comes after the bank's US$1.9bn settlement of money-laundering allegations late last year.